well presented café comprising approximately 548 sq ft situated on Gloucester Road. The premises is available to let on an effectively new full repairing and insuring basis, subject to an ingoing premium of £35,000 to include fixtures and fittings.
DESCRIPTION -
A very well presented café comprising approximately 548 sq ft of thoughtfully arranged space, features a welcoming front dining area, designed to accommodate customer seating. Adjacent to this is a serving and counter area with a well equipped kitchen to the rear of the premises. This versatile space is ideal for a café, coffee shop, or deli, and is ready for immediate occupation.
LOCATION -
The property occupies a highly prominent corner position, fronting the vibrant Gloucester Road. This prime location offers excellent visibility to both pedestrian and vehicular traffic, enhancing its appeal for businesses seeking strong street presence and high footfall.
PREMIUM -
An ingoing premium of £35,000 is sought to include fixtures and fittings.
LEASE DETAILS -
The café is available to let on a new full repairing and insuring lease. The ingoing and outgoing tenants are to incur their own respective legal fees and are to split the landlord's legal costs split 50/50.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
BUSINESS RATES -
The rateable value with effect from April 2023 is £6,300. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC rating: E (valid until April 2026)
VAT -
We understand that VAT is not applicable to the rent.
VIEWINGS -
By appointment with Maggs & Allen.
TENANT APPLICATION FEE -
The ingoing tenant will be charged an application fee of £300 plus VAT (£360 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. Accounts will be requested where available and 3 months deposit and a personal guarantee will be required.
CONTROL OF ASBESTOS REGULATIONS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for asbestos and therefore recommend all interested parties to make their own enquiries.
CODE FOR LEASING BUSINESS PREMISES -
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
